DAVID: GOOD MORNING. I WOULD LIKE TO SAY HAPPY FRIDAY BUT YOU WILL SEE MARKETS AND SEE WHY IT'S NOT FOR MANY. IT IS 9:00 A.M. I'M DAVID INGLES. REBECCA: OUR TOP STORIES TODAY.BRENT OIL TOPS 100 DOLLARS A BARREL AFTER THE U.S. TO INTENSIFY STRIKES ON IRAN OVER ATTACKS BY WHO THE MILITANTS ON SHIPS IN THE RED SEA. INFLATION FEARS WEIGHING ON ASIAN EQUITIES ALREADY GRAPPLING WITH DOUBTS OVER THE AI RALLY. WE ARE WATCHING FOR EARNINGS AS CHINESE MARKETS ARE SET TO OUTPERFORM THE U.S. FOR A FOURTH WEEK.ON THE PR ...

Macroeconomics & Geopolitics - Brent crude oil surged above $100 per barrel, reaching $100 after rising 7%, driven by Middle East conflicts and U.S. strikes on Iran[1][30][35] - U.S. Treasury yields hit yearly highs, with the 2-year yield climbing to 4.37% due to rising inflation and rate hike expectations[1][66][106] - The U.S. implemented new 10.1% tariffs covering nearly 90% of exports across 60 economies under Section 301 targeting forced labor[45][46][143] - Japan's June core CPI accelerated to 1.6% year-on-year growth, while the yen hovered near the 163-164 level against the U.S. dollar, driving expectations for Bank of Japan rate hikes[4][53][55] Technology & Semiconductors - Intel doubled its second-quarter profit estimates and reported a 59% growth in data center revenue, while capital expenditures are projected to exceed 20 billion dollars next year[2][5][124][125] - SpaceX halted commercial Falcon rocket reservations beyond 2028 to focus on the Starship program and its integration with Starlink and space-based AI data centers[41][43] - Technology and semiconductor sectors across Asia experienced downward pressure, with South Korea's Kospi losing over 1.5% and SK Hynix dropping more than 2%[96][103] Corporate & Financial Services - HSBC agreed to sell its life and health insurance business in Singapore to Allianz for 2.1 billion dollars, generating an expected pretax gain of 1.8 billion dollars[28] - Global financial markets experienced increased volatility, impacting equity indexes such as Japan's Nikkei 225 falling over 1% and the S&P 500 seeing its biggest drop in a month[52][122]

Intel delivered a surprisingly strong revenue forecast for the current period, indicating that a surge in data center spending is helping fuel the chipmaker’s turnaround https://t.co/cZKES4UH2D ...

industry is facing one of the most severe supply constraints in its history. These shortages will persist for the foreseeable future. Intel is well positioned to benefit from this strong substantain demand with three strategically important assets.our x86 CPU franchise, our advanced packaging technology, and our vast wafer foundry network. ...

We're raising our outlook for 2026 and now expect our capex to be more than $20 billion, which is up significantly versus our expectations entering the year. As a result, we're forecasting 2027 capital expenditures to be significantly above the 2026 levels with the vast majority spent across our US network. In fact, as we look back from 2021 through 2026, our total capital spending in tools and space in the US is approaching hundred billion.significantly higher than any other semiconductor company over that ...

Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are Janus Henderson Investors Head of Multi-Asset Macro Investing Mike Contopoulos, Moody’s Chief Credit Officer Atsi Sheth, Mizuho Securities Senior Equity Research Analyst Lloyd Walmsley, PGIM Head of Middle Market Direct Lending Matt Harvey, AllianceBernstein Head of Equities Nelson Yu, Seaport Research Partners Senior Analyst Semiconduc ...

Market Today: Intel Surges, Google Fined, Tesla Misses, and More ...

Financial Performance & Outlook - Intel reported revenue of 16.1 billion dollars, surpassing expectations of 14.4 billion dollars [1] - Adjusted earnings reached 42 cents per share, doubling street estimates [1] - Gross margins came in just shy of 42%, with all major business segments beating expectations [1] - Intel projected current quarter revenue between 15.8 billion and 16.8 billion dollars, exceeding the 15.1 billion dollar expectation [1] - Earnings per share for the current quarter are forecasted at 38 cents, higher than estimates [1] - Intel shares rose by 7.5% following the positive financial news [4] Market Dynamics & Operations - Intel experienced one of the strongest sequential quarters of growth in over 15 years, driven by robust demand [2] - Supply constraints caused Intel to under-ship data center customers, a trend expected to persist through the end of the year [2] - Intel secured over 10 customers on long-term agreements [2] - Capital expenditures (Capex) are heading higher, with Intel signaling a meaningful increase for the upcoming year [3] - The 14A advanced manufacturing process is running ahead of the 18A stage and is scheduled for high-volume production in 2028 [3] - Intel assumes client PC business will be generally flat in the third quarter, with growth driven by edge computing [3] - Intel is building backlogs in advanced packaging within the foundry business, targeting billions of dollars in future business [4]

Market Trends and Macroeconomic Environment - US stock markets experienced a selloff, with the Dow dropping 506 points (down 1%) and the S&P 500 falling 90 points (down 1.2%) [1] - The Nasdaq index declined by 553 points, representing a decrease of over 2% [1] - 10-year Treasury yield surpassed 4.7%, reaching its highest level in a year and a half [4] - US crude oil prices topped $92 per barrel, while Brent crude surpassed $100 per barrel [5] Industry Performance and Corporate Dynamics - Alphabet shares fell 7% and Amazon shares dropped 4.5% amid investor concerns over AI overspending [1] - Micron shares rose 3% as the only chip stock in positive territory, while Intel reported strong quarterly results [2] - American Airlines reported year-over-year airfare increases of between 15% and 20%, with third-quarter revenue performing at record levels [7][8] - National average regular gasoline prices reached $4.9 per gallon, impacting consumer costs [7]

Sales in the data center segment, soaring 59% last quarter. Let's get right to it. With Bloomberg Tech co-host Ed Ludlow, he joins us live on the heels of a conversation that he just had with Intel clip Bruton.So, Ed, talk to us a little bit about this, because I know that one of the things he told you was that they have demand outstripping supply, and that's a pretty good problem to have. Well, the distinction is last quarter, they left a lot of money on the table because they could not get the CPUs into t ...